Law No.2892-III of 2001 regarding amendments to the Law No.1242-XIV of 1999 on state support of ship-building industry. Country/Territory Ukraine Document type Legislation Date 2001 Source FAO, FAOLEX Subject Fisheries Keyword Fishing vessel Subsidy/incentive Credit Special fund Geographical area Black Sea, CIS (Commonwealth of Independent States), Eastern Europe, Europe, Europe and Central Asia Abstract Paragraph 2 of the part 1 of the Article 1 of the Law No.1242-XIV of 1999 on state support of ship-building industry acquires a new wording: “Sums of advanced payments and advance payments on the basis of the contracts regarding enterprises of ship-building industry, received from the customers of vessels as well as payments for the credits conceded to enterprises by the banks of the Ukraine for the purpose of financing ship-building must be entered in special accounts of the aforesaid enterprises are not subject to writing off and must be used exclusively for special purposes in accordance with contract obligations of the afore-mentioned enterprises.” Full text Ukrainian References - Legislation Amends Law No.1242-XIV of 1999 on measures on state support of shipbuilding industry of Ukraine. Legislation | Ukraine | 1999 Keyword: Fishing vessel, Credit, Special fund, Contract/agreement Source: FAO, FAOLEX